Answer: $3865.8
Explanation:
The formula to find the simple interest is given by :-
, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.
Given : P= $1700 ; r= 9.8%=0.098 ; t=13 years
Then , the simple interest earned in 13 years will be :-
Now, the combined amount = P+I =$1700+$2165.8= $3865.8
Hence, the credit union would owe Heather $3865.8 in 13 years.
Answer:
customer must deposit $8000
Explanation:
given data
purchases bonds = $100,000
margin = 40%
solution
As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value
and margins is minimums set by exchange
so bond is purchased at 40% is
bond purchase = 40% × $100,000 = $40000
and 20% of $40,000 is = $8,000
and 7 % of $100,000 is = $7,000
so greater amount is $8,000
so customer must deposit $8000
Answer:
Teaser rate
Explanation:
A teaser rate is a low, adjustable introductory interest rate advertised for a loan, credit card, or deposit account in order to attract potential customers to obtain the service. The teaser rates are normally too good to be true for the long term, and are far below the common realistic rate for the service. This can he as low speed 0% at the initial stages.
Cheers.
Answer:
If two sides of a rectangle add up to 18cm and the area is 80 units squared then the length is 10cm, and the width is 8cm. If you add 10 and 8 together you get 18, and if you multiply those you get 80 units squared.
Explanation:
